Stephen I. Sadove - Sep 23, 2021 Form 4 Insider Report for Park Hotels & Resorts Inc. (PK)

Role: Director
Signature: /s/ Nancy Vu, as Attorney-in-Fact
Stock symbol: PK
Transactions as of: Sep 23, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/27/2021, 05:50 PM
Previous filing: Sep 9, 2021
Next filing: Oct 28, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PK	Common Stock	Award	$0	+1.34K	+2.77%	$0.00	49.8K	Sep 23, 2021	Direct	F1
holding	PK	Common Stock						9.69K	Sep 23, 2021	2020 GRAT	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person has elected to receive an award of shares of the issuer's unrestricted common stock ("Common Stock") under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors, as amended, in lieu of cash fees payable to the reporting person for service on the Company's board of directors during the 3rd quarter of 2021 ("Board Fee"). The Common Stock was granted on the fifth business day prior to the date that such fees would otherwise have been payable, September 23, 2021 and vested immediately. The Common Stock had a market value based on the closing sales price of the issuer's common stock reported on the New York Stock Exchange on the grant date.
F2	Represents 9,687 shares of Park Hotels & Resorts Inc. common stock directly owned by the Stephen I. Sadove 2020 Park Hotels and Resorts GRAT (the "2020 GRAT"), of which the reporting person is the trustee and he and his three children are the beneficiaries.

Content

The reporting person has elected to receive an award of shares of the issuer's unrestricted common stock ("Common Stock") under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors, as amended, in lieu of cash fees payable to the reporting person for service on the Company's board of directors during the 3rd quarter of 2021 ("Board Fee"). The Common Stock was granted on the fifth business day prior to the date that such fees would otherwise have been payable, September 23, 2021 and vested immediately. The Common Stock had a market value based on the closing sales price of the issuer's common stock reported on the New York Stock Exchange on the grant date.

Represents 9,687 shares of Park Hotels & Resorts Inc. common stock directly owned by the Stephen I. Sadove 2020 Park Hotels and Resorts GRAT (the "2020 GRAT"), of which the reporting person is the trustee and he and his three children are the beneficiaries.